Ponzi scheme hits Kauai, feds report - Hawaii News

Federal authorities are investigating what they say is a Ponzi scheme operated by a man who collected more than $13 million from so-called investors, including prominent Kauai residents, over three years.

Since Lingle and the legislature are too afraid to stand up to the public employee unions, which by the way don't care about the suffering of those in the private sector losing jobs and homes, here are the next two ripoffs being planned, a tax increase and no tax refunds. Better get your State taxes done way before the end of session in May. Kansas and California have already announced plans to not pay tax refunds. The HGEA, UPW, HSTA and the UH Profs all read the paper.

Pschologist? Physician? Guess it proves that even educated "fools" and their money are soon parted.

Wake up, people! Whether you are a doctor, lawyer, professor, or blue-collar working stiff,..... nobody who invests in the stock market can deliver a guaranteed 3-5% return *every* month. It just doesn't work that way.

Word of warning to anyone who still has money invested in a similar scheme: If your stock broker has promised and supposedly deliver a consistent 3-5% return on your investment over the last 6 months while the stock market has been in turmoil,..... there's a definite chance that you have put your money into a Ponzi scheme. Too bad. Even if you are able to pull your money out now and come away with a profit, the feds could take it away from you if it is proven that those profits were derived through a Ponzi rather than a legitimate investment. Bottom line is: everybody who invests in a Ponzi scheme comes out a loser.

Take away the technology and the computers and we will realize that the world has not changed one iota. We still have greed, corruption, discrimination, gullible people, the rich and the poor class. So watch your back at all times.

Size of state government is way too big and inefficient for the small population here.

I just want to thank you for entertaining me every day. I look forward to reading your posts. It makes me laugh how people don't realize that you are only pretending to be naive, and unintelligent. You have them all fooled.

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